Bitcoin Potentially hitting $100,000 around January 31st 2021

Happy New Year everyone!

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Since my last chart and update on Tradingview seen below, we precisely hit $33,000 as my blue fractal showed. But in this publication, I wanted to lay the ground to my alternate Megabull fractal /plan I have been also watching for few months now which is the purple Megabull fractal that points to $100,000 by January 30-31st 2021!

The $100,000 Megabull purple fractal by end of January 2021 would activate on a break out past $35,000s and confirm with a hit of $38,000.

Should this play out, then I would look to sell/short with some Bitcoins at $95,000-110,000 around January 31st with the aim to rebuy/relong on that steep crash down to $27,500-23,500.

Make no mistake $100,000 in that case would still NOT be the final top of this Megabull run, you will still need to hold strong for 10-11 more months until we reach the final top of the Megabull around End of November / Early December 2021 which in that purple scenario would be around $321,000-440,000.

Best of luck and happy trading!
Carl M.

Trade active:

Our $100,000 by January 31st 2021 purple fractal setup is gaining traction here while everyone is still hoping for a 30% retrace.

Comment:

No retrace, Bitcoin will keep running folks! Like and share! Buy and hold!

Comment:

Bitcoin short-term Megabull fractal is going as forecasted. Sideways on Bitcoin between $35,000-45,000 until January 17 before a break out to $65,000. In the meantime, $ALTSUSD and $ALTSBTC have the chance to rally.

Comment:

This 2013 parabolic Megabull fractal unfortunately seems to be in jeopardy or about to get VOID with a move below $31,500 to $28,000-26,000 support/range.
Confirmation is with a breakdown to $31,500. Should this happen, then it would become highly likely to see Bitcoin go the longer and healthier Megabull road like 2017. I will cover this in another chart once we get a clear setup.

Comment:

Bitcoin never broke below $31,500 so this setup to $100,000 viable still as long as we can see Bitcoin break past $44,000-45,000 when tested in few days. Keep holding folks!

Trade closed: stop reached:

The stop was reached on this trade once the neckline broke at $34,700.
It is unlikely 100K is reached in February at this point. If anything changes I will update or issue a new chart.

Comment:

100K is still achievable by March 1st roughly if we can break out this week to $50,000

Comment:

Looking good on the 3D Chart. 60K next then 100K blow off top.